Market: An Overview
The bulgur market is a global market that involves the production and sale of bulgur wheat, which is a type of cereal grain that is commonly used in Middle Eastern and Mediterranean cuisine. Bulgur is made by boiling and drying whole wheat grains, then cracking them into smaller pieces. It is a popular ingredient in dishes such as tabbouleh, pilaf, and kibbeh.
Market: Forecast Analysis
The global bulgur market value is projected at US$ 1,262.1 Mn in 2023, and is estimated to reach around US$ 1,960.5 Mn by end of 2033. Sales revenue is expected to increase at a CAGR of 4.5 % during the forecast period (2023-2033).
To remain ‘ahead’ of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/16729
Drivers and Restraints:
Market Drivers: The demand for bulgur is driven by the popularity of Middle Eastern and Mediterranean cuisine around the world. The increasing health consciousness among consumers has also contributed to the growing demand for bulgur, as it is a rich source of fiber, protein, and nutrients. Additionally, the growing trend of plant-based diets has increased the demand for bulgur as a vegetarian and vegan alternative to meat-based protein sources.
Market Restraints: The bulgur market faces several challenges, including increasing competition from alternative grains such as quinoa, rice, and couscous. Additionally, the production of bulgur is largely concentrated in a few countries, which can lead to supply chain disruptions due to weather events or geopolitical issues.
Get A Customized Scope To Match Your Need Ask An Expert – https://www.persistencemarketresearch.com/request-customization/16729
Market Segmentation:
The global bulgur market can be segmented based on product type, application, and region.
- Based on product type, the market can be segmented into fine bulgur, medium bulgur, and coarse bulgur.
- Based on application, the market can be segmented into food and beverage, personal care and cosmetics, and animal feed.
- Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Regional Analysis:
The Middle East and North Africa region is the largest market for bulgur, as it is a staple food in many countries in the region. The European market for bulgur is also significant, driven by the growing popularity of Middle Eastern and Mediterranean cuisine. The Asia-Pacific region is expected to be the fastest-growing market, driven by the increasing adoption of plant-based diets in countries such as India and China.
Competitive Landscape:
The bulgur market is highly fragmented, with a large number of small and medium-sized players operating in the market. Some of the key players in the market include Duru Bulgur Gida San., The Hain Celestial Group Inc., AGT Foods and Ingredients Inc., Tipiak Group, Ceres Organics Limited, Bob’s Red Mill Natural Foods Inc., Memi?ler Group, Tiryaki Agro Gida Sanayi ve Ticaret A.S., Armada A.S. and others. These companies produce a wide range of bulgur products and supply them to various industries such as food and beverage, personal care, and animal feed.
Contact Sales for Further Assistance in Purchasing This Report@ https://www.persistencemarketresearch.com/checkout/16729
Future Outlook:
The bulgur market is expected to grow at a moderate rate in the coming years, driven by the growing popularity of Middle Eastern and Mediterranean cuisine and the increasing health consciousness among consumers. However, the market may face challenges from alternative grains and supply chain disruptions due to geopolitical issues. Additionally, the increasing demand for organic and non-GMO bulgur may provide growth opportunities for the market.
Read More Trending “PMR Exclusive Article”: https://www.digitaljournal.com/pr/news/global-bulgur-market-latest-technological-developments-report
About us:
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Contact Us:
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com